Raising Money for Motorcycle, ATV, and Personal Watercraft Dealers

Looking for bank loans for motorcycle, atv, and personal watercraft dealers? Try the SBA. This $150,000 motorcycle, atv, and personal watercraft dealers loan was issued by an Arkansas bank.

Getting a small business loan in Chesterfield, Missouri was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Pulaski Bank & Trust Company, operating out of Little Rock, Arkansas. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE, ATV, AND PERSONAL WATERCRAFT DEALERS
CHESTERFIELD, MO 63005

SBA Loan Lender

PULASKI BANK & TRUST COMPANY
5800 'R' ST
LITTLE ROCK, AR 72207

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441221 - Motorcycle, ATV, and Personal Watercraft Dealers

Loan Approval Date

3/30/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Credit Evaluation

Where to Get an SBA Loan in Little Rock, Arkansas

Arkansas SBA Bank Lenders